The UK FCA Publish Discussion Paper on Distributed Ledger Technology
Regulators globally are focused on understanding industry consumers’ views on distributed ledger technology’s (DLT) potential risks and opportunities. On 10 April 2017, the UK Financial Conduct Authority (FCA) published a discussion paper DP17/3 on DLT, and followed it with a speech at the Innovate Finance
Financial Conduct Authority
FCA produces finalised guidance on the use of financial promotions in social media
The Financial Conduct Authority (‘FCA’) published FG15/4: Social media and customer communications (the ‘Guidance’), which provides guidance on financial promotions in social media and customer communications. The Guidance sets out the FCA’s rules on financial promotions on social media, and provides examples of compliant and non-compliant communications to help organisations conform.
A financial promotion could be any form of communication that includes an inducement or invitation to engage in financial activities. The Guidance stresses the fundamental requirement that all communications must be clear, fair and not misleading, both when first published and also if they are then retweeted or shared on Facebook. Furthermore, non-intended recipients must not be misled or confused by any such communication they receive.
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